Upsells and Cross-sells are a very effective sales strategy that has been used long since these terms were incepted. Brick and mortar retailers use it all the time and the strategy is even more effective in online stores. Why? Because of all the data and analytics, you can generate about a visitor with robust algorithms that tracks user activities as soon as a visitor lands on your e-Commerce website.
However, what many merchants seldom forget is the fact that these strategies are as good as how well these are implemented.
Read this post until the end to find out the best Upsell and Cross-sell extension available for top 5 E-commerce CMS solutions.
Let’s begin by understanding the basics
What are Upsells and Cross-sells?
Upselling is the instance when a seller encourages the buyer to purchase a better version of a product being reviewed or shortlisted by the buyer, whereas in cross-selling, the seller invites the buyer to look at additional products in association to the intended product purchase – attempting to do a bundled purchase, in turn increasing the cart value of the customer.
Why Upselling and Cross-selling important for E-commerce business
The blunt answer is to increase sales.
What one really needs to understand here is that these strategies are not meant to clear up your stocks and get countless orders. These are most effective when used to help customers win by helping them make the most value for money purchase.
If done correctly, it can:
According to Marketing Metrics, it is 50% easier to sell to existing customers than new ones.
It’s all about impressing your existing customers, retaining them and selling them while new customers get converted into this loop.
5 Tips To Do It Correctly
Whether you decide to Upsell, Cross-sell or both, what is important is to do it the right way. Do not use it as a tool that can generate sales, instead use it to deliver superior customer experiences.
Customers will only get frustrated if you increase the number of steps that take them to purchase a product by unnecessarily pitching countless alternatives or combinations. Whereas, they will be really impressed if you analyze their purchase patterns/interests and recommend something that they might have missed.
Graham Norton “Editor in Chief for Econsultancy” effectively summarized in his blog post how Godaddy and VistaPrint spoiled their checkouts with Upsells and Cross-sells by introducing 10 steps of Upselling and Cross-selling before a customer actually checks out.
Follow these 5 thumb rules before setting up Upsells or Cross-sells:
The idea should be to provide better customer experience rather than cheap recommendations which a customer can see through.
Utilize these extensions for top 4 E-commerce CMS solutions:
While Magento (one of the best E-commerce CMS in the market), already has the option to manually setup Upsells and Cross-sells, Mageplaza’s Automatic related products extension take it a step further by using pre-set rules to establish relations between displayed products and related items. The ability to setup unlimited rules for each product makes this a must-have extension for your store if you are looking for a self-evolving product recommendation engine.
Product Upsell is one of the most successful Shopify apps for setting up Upsells in a Shopify website. With over 500 reviews, this app is loaded with features and allows you to setup relevant upsell offers and add-on products based on customer’s shopping cart content, total cart value or even a combination.
With 3000+ active downloads and over 238 positive ratings, Beekting is a complete marketing automation suite that lets you set up relevant upsells and cross-sells items for each product. In addition to this, the plugin allows you to setup sales gamification, the last step upsell and smart auto recommendation functionality to deliver a superior customer experience.
8Upsells is a team that dedicatedly works to deliver upsell and cross-sell solutions. Their BigCommerce addon is a gem for merchants. It is easier to setup, provides unlimited upsells including different promotions based on different conditions. With over 60+ positive reviews, no doubt this extension is a great hit among the BigCommerce community.
An E-commerce store is always driven with the aim to increase sales and orders. With personalized recommendations that keeps the customer’s requirements in perspective, you can increase your revenues and generate more customers and deliver a better experience. Setup a strong technological backend alongside it to manage your customers and sales effectively with the assistance of best e-Commerce website developers in India.